Res98 PFA 98-02 - Laserfiche WebLink

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may require or approve, such approval to be conclusively evidenced by the execution and delivery thereof; provided that the initial interest rate evidenced by the Certificates shall not exceed 5.0%, the principal amoum shall not exceed $11,700,000 and the underwriter's discount shall not exceed 1.0%. Section 7. Assi~;nment Agreement. The form of the Assignment Agreement (the "Assignment Agreement"), by and between the Authority and the Trustee, presented to this meeting and on file with the Secretary, is hereby approved. Each of the Authorized Officers is hereby authorized and directed, for and in the name and on behalf of the Authority, to execute and deliver said Assignment Agreement in substantially said form, with such changes therein as such officer may require or approve, such approval to be conclusively evidenced by the execution and delivery thereof. Section 8. Official Action. The Chairperson, the Vice-Chairperson,the Treasurer, the Executive Director, the Director of Finance/Treasurer, the Secretary, counsel to the Authority and any and all other officers of the Authority are hereby authorized and directed, for and in the name and on behalf of the Authority,to do any and all things and take any and all actions, including execution and delivery of any and all assignments, certificates, requisition, agreements, consents, instruments of conveyance, warrants and other documents, which they, or any of them, may deem necessary or advisable in order to consummate the lawful execution, sale and delivery of the Certificates, the payment of issuance costs incurred with respect to the Certificates, and the lease of the City Hall Project from the City and the lease of the City Hall Project back to the City. Section 9. Approval of Special Counsel and Financial Advisor. The employment of Stradling Yocca Carlson & Rauth to serve as Special Counsel and William Euphrat Municipal Finance, Inc. to serve as financial advisor to the Authority is hereby approved and authorized. Section 10. Effective Date. This Resolution shall take effect from and after the date of its passage and adoption. 11794.2\22931.0002 3 PFA 98-02